Not all risks fall into traditional insurance categories. Specialty insurance addresses unique, high-risk, or unusual circumstances. It covers everything from celebrity body parts to cyber attacks, and even satellites.
Types of specialty insurance:
- Event Insurance: Covers weddings, concerts, and corporate events.
- Cyber Liability Insurance: Protects businesses from data breaches and cyberattacks.
- Kidnap and Ransom Insurance: Often used by multinational corporations or individuals in high-risk areas.
- Travel Insurance: Covers trip cancellations, medical emergencies abroad, and more.
Lloyd’s of London is perhaps the most iconic name in specialty insurance, insuring everything from football players’ legs to blockbuster movie productions.
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